Binance suffered the largest crypto-related hack by dollar value, with more than $6.3 billion in affected assets moved on-chain. Stablecoin operators froze about $3 billion, while $3.3 billion remains unrecovered. TRM Labs linked the attack to TraderTraitor, a group associated with North Korea, and described the funds’ movement through stablecoins and Aave. The incident also raises questions about Binance’s ability to cover losses and the resilience of its multi-chain custody operations. The article also discusses the $2.7 million drained from Polymarket user wallets.
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